APAC is attributed to growing at the highest CAGR in the fingerprint sensor market

MarketsandMarkets Presents Fingerprint Sensor Market with Covid–19 Impact by Technology (Capacitive, Optical, Thermal and, Ultrasonic), Type (Area, Touch, and Swipe), Sensor Technology, Product, End–Use Application, and Region - Global Forecast to 2026 The fingerprint sensor market is projected to grow USD 3.5 billion in 2021; it is expected to grow at a CAGR of 10.9% from 2021 to 2026, to reach USD 5.8 billion by 2026.

MarketsandMarkets Presents The extensive use of fingerprint sensors in consumer devices, the effective implementation of biometric time and attendance systems for calculating employee productivity, work hours, and others, and the high adoption of biometrics by the governments worldwide for enhanced security are the key factors driving the growth of the fingerprint sensor market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=169519533 On the contrary, the emergence of biometric smartcards in BFSI applications, the newest trend of in-display fingerprint sensors in smartphones, and the rise in the adoption of fingerprint sensors in IoT-based devices are likely to provide lucrative opportunities to the fingerprint sensor market players during 2021–2026. Moreover, the rising use of facial recognition technology in payments, access and security, and criminal identification applications pose challenges to the fingerprint sensor market.

MarketsandMarkets Presents Ultrasonic fingerprint sensors are projected to witness the highest CAGR for the forecast period Ultrasonic sensors read the epidermal skin layer as well as a dermal skin layer, capturing the fine details. Therefore, these sensors can read wet fingers and fingers with ruptured skin or damaged skin. Advances in sensing technology are expected to accelerate the ultrasonic fingerprint sensor market growth.

MarketsandMarkets Presents Area and Touch sensors to account for the largest share of the market during the forecast period Area and touch sensors are widely used in consumer electronics as these sensors offer a high degree of convenience and accuracy, thereby capturing a larger market share. Touch sensors are becoming increasingly smaller and are more cost-effective and convenient to use. OEMs prefer these sensors over swipe sensors, particularly in mobile devices that demand smaller sensors to achieve more compact products as favored by end users in the market.

MarketsandMarkets Presents 2D fingerprint sensors is estimated to hold a major share of the market The market for 2D sensor technology is projected to reach USD 5,407 million by 2026. 2D sensor technology is most suitable for performing detection and ranging tasks. The technology remains a preferred choice for OEMs due to its low cost, particularly in mobile devices that demand smaller sensors, to produce miniaturized products preferred by end users in the market.

MarketsandMarkets Presents Consumer Electronics end–use application is expected to hold the largest share in 2026 The consumer electronics application is likely to account for the largest size of the market for fingerprint sensors in the coming years mainly because of the rise in demand for these sensors in consumer devices such as smartphones, tablets, laptops, and notebooks. Consumer IoT devices are expected to provide opportunities for the market during the forecast period.

MarketsandMarkets Presents APAC is attributed to growing at the highest CAGR in the fingerprint sensor market during the forecast period (2021-2026) APAC dominates the fingerprint sensor market mainly because consumer electronics is the key application for fingerprint sensors, and APAC is the major market for consumer electronics. Key countries in APAC include China, Japan, India, and South Korea. Major demand for fingerprint sensors is propelled by OEMs based in China and South Korea

MarketsandMarkets Presents Key Market Players In 2020, the fingerprint sensor market was dominated by Goodix (China), Fingerprint Cards AB (Sweden), Synaptics (US), Apple Inc. (US), and Egis Technology (Taiwan).

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